Solve the problem.Jake bought a truck by taking out a loan for  at  interest per month. Jake's regular monthly payment is , but he decides to pay an extra  toward the balance each month. His balance each month, after making his payment, is given by the recursively defined sequence B0 = $26,500  Bn = 1.0025Bn-1- 642 Determine Jake's

balance after making the first payment. That is, determine B1.

A. $25,849.25
B. $26,566.25|
C. $25,999.25
D. $25,924.25


Answer: D

Mathematics

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